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2021-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS

OF THE PARISH OF ST PETER, OADBY

(1st January 2021 to 31S December 2021)

Registered Charity number 1132456

Legal and Administrative Information

Ministers

Revd. Steve Bailey, Team Rector Revd Sami Lindsey, Interim Team Vicar Revd Jon Tearne, Curate responsible for St Peter’s

Church Wardens

Mr Don Smith and Mr Martin Ward

Principal Office

St. Peter’s Centre, Wigston Road, Oadby, Leicester LE2 5QE

Parochial Church Council

The membership of the PCC is determined in accordance with Church Representation Rules (Synodical Government Measure 1969) as amended 2006. The membership of the PCC is presented elsewhere in the papers of the Annual General Meeting.

Independent Examiner

Robert Radford FCA, The Rowleys Partnership Ltd, Chartered Accountants, Statutory Auditors, Charnwood House, Harcourt Way, Meridian Business Park, Leicester LE19 1WP

Bankers

CAF Bank Ltd., 25 Kings Hill Avenue, Kings Hill, West Malling, Kent MG19 4JQ

Legal Representative

The Diocesan Registrar, St Martin’s East, Leicester LE1 5FX

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Oadby Parochial Church Council Year Ending 31 December 2021 Annual Report

interregnum

During the whole of 2021 the Parish has been supported by ministers from St. John the Baptist Church, Clarendon Park alongside the Team Rector and the Oadby, Great Glen Benefice team. Members of the laity within the parish have also regularly led services and shared pastoral responsibilities.

In January 2021, Revd Sami Lindsey was licensed as interim Team Vicar alongside his role at St John the Baptist church in Clarendon Park. Revd Jon Tearne was also licensed as curate to provide day to day leadership at St Peter’s. This has given welcome energy and impetus to the work at St Peter's.

Parish of St Peter, Oadby

The Parochial Church Council (PCC) has the responsibility of co-operating with the Team Rector, the Revd Steve Bailey, in promoting the ecclesiastical Parish of St Peter, Oadby, within the Benefice of Oadby, Great Glen. This involves seeking to further the whole mission of the parish and benefice, engaging in Christian worship, pastoral care, evangelistic outreach, and fostering community wellbeing.

The PCC is also specifically responsible for the maintenance of St Peter’s Church; St Peter’s Centre and 1 Leicester Road (formerly the Rectory).

Members of the Council who have served since the commencement of the financial year (1st January 2021) until the Annual Parochial Church Meeting (APCM) on 8th May 2022 were

Revd S Bailey Revd Sami Lindsey Revd J Tearne
Mrs V Barba Mrs C Broad Mrs M Chamberlain
Mr P. Coomes Mr J P Cryer Mrs S Davies
Mrs V Davison Mr M Dunn Mrs P Ellson
Mrs L. Gibbs Mrs J Knight MrsA Pitches
MrsDPurves MrsRShrigley MrDSmith

Mr M Ward

The 2021 APCM took place on 18th April 2021.

At the first meeting the following officials were elected:

Vice Chair Mr Don Smith
Secretary Mrs Sian Davies
Treasurer Mr David Witt
Electoral Roll Officer Mrs Rita Shrigley
Insuranceofficer MrsLindaWhitman

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Oadby Parochial Church Council Year Ending 31 December 2021 Annual Report

The first meeting also agreed the Standing Committee:

Rev J Tearne, Mrs S Davies, Mrs P Ellson, Mr D Smith, Mr M Ward

The Standing Committee is a legally constituted sub-committee of the PCC. It meets between full PCC meetings and serves the PCC by preparing agendas and conducting urgent business which cannot wait for the next full meeting. It may also prepare briefings for the PCC to inform their discussions.

Since 1st January 2021 there have been 13 meetings of the PCC and 14 meetings of the Standing Committee, some held via Zoom and others face to face in the church or St Peter’s Centre.

Church Closure

In the autumn of 2020, work had commenced to strip out the disintegrating pointing on the internal walls of St Peter’s, replacing concrete with a more flexible material. Most of the walls were then finished with lime plaster. This has returned much of the church to the style which was current before alterations in the nineteenth century. Alongside removing the risk from falling masonry, the result is a much lighter environment and improved acoustics.

The church building was closed until just after Easter 2021. However, the church was able to maintain a high profile. Using modern communication technology, services were live-streamed from St Peter's Centre and once the church was available again, from the church itself. We owe a debt of gratitude to Mr James Banks of St John the Baptist Church who provided advice and practical support to ensure that this was done effectively.

Whilst this time was challenging, the renewed church building continues to be a place of God’s presence for generations to come.

Structure, Governance, and Management

Whilst St. Peter’s Church is a constituent member of the Benefice of Oadby Great Glen, the PCC of the Parish of Oadby is required, as stated in the Parochial Church Councils (Powers) Measure 1956, to co-operate with the Team Rector and Ministry Team in promoting in the Parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. Charity law requires the Parochial Church Council (PCC) Members, who act as trustees under charity law, to prepare financial statements for each financial year that give a true and fair view of the PCC’s financial activities during the year and of its financial position at the end of the year.

In preparing those financial statements, the PCC Members should follow best practice and:

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Oadby Parochial Church Council Year Ending 31 December 2021 Annual Report

Objectives and Activities

The PCC is committed to fostering accessible and reverent worship at St Peter’s that is attractive and relevant to the people of Oadby. A primary aim is to enable people to belong to a loving, supportive Christian community: The PCC maintains an overview of worship throughout the parish and has encouraged excellence in the Sunday and weekday services in a range of different worship styles which seek to cater for all age-groups and a wide range of preferences. All our services seek to put faith into practice through prayer and scripture, music and sacrament.

When planning our activities for the year, the incumbent and the PCC have (in accordance with the Commission’s guidelines) been particularly concerned about the public benefit of what we do in the parish as well as the adhering to the specific guidance given to charities for the advancement of religion. In all our work, we try to enable ordinary people to live out their faith as part of their church community through:

Properties

To facilitate the work of the parish, the PCC maintain the fabric of three buildings — St Peter’s Church, St Peter’s Centre and the former Rectory, 1 Leicester Road. Mr Martin Ward has led a dedicated property team ensuring that the buildings are kept in good condition. The focus in early 2021 was to finish the work on the internal walls in St Peter’s but the others have not been neglected.

Achievements and Performance

Worship and Prayer

Despite the Coronavirus pandemic, the church has continued to provide a range of services and those who attend have found them beneficial and spiritually fulfilling. Sunday worship has continued to attract good attendances, while the mid-week services (half of them lay-led) have continued to provide quiet, intimate worship. There has been a strong emphasis on communicating the Christian faith through preaching, teaching, and multi-media presentations.

All are welcome to attend services at St Peter’s. At the time of writing, there are 120 persons on the Church Electoral Roll. Sunday attendance has varied between 40 and 60 with many more joining services online. Peter’s Place (messy church) has continued each month under the leadership of Mrs Christine Broad. Revd Jon Tearne and his family have pioneered a new monthly family service, featuring a less formal style of worship. The Christmas Services were well attended and were of the usual high quality. Even when attendance at services was difficult, the regular notice sheet and a weekly reflection from Revd Jon Tearne have encouraged continued congregational engagement with over 120 copies being distributed by e-mail each week and another 20-30 delivered by hand by a team of volunteers.

As well as the regular services, the parish enables the community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of new life; in marriage, public vows are exchanged with God’s blessing; and through funeral services, friends and family express their grief and give thanks for the life which is now complete in this world and to

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Oadby Parochial Church Council

Year Ending 31 December 2021 Annual Report

commend the person into God’s keeping. In the period between 1st January 2021 and 31st December 2021 there were no weddings, but we have conducted 3 baptisms and 19 funerals.

Some members of the congregation were unable to attend church due to vulnerability, illness or age. The provision of a livestream for the main Sunday service and some other services has been appreciated by those who are unable to attend in person. Whenever conditions permitted, Diane Purves and Jean Geall have brought Home Communion to those who have requested it.

Deanery Synod

Three of the PCC sit on the Deanery Synod in addition to the clergy. From January 2021 to December 2021, three Deanery Synod meetings took place, two of them facilitated using Zoom. Reports are circulated in advance of the meeting and business is kept brief at the end of the evening. The Team Rector, Rev. S. Bailey is currently Area Dean for the Gartree Deanery

St Peter’s Church & Major Works

The Parish is committed to engaging with the wider community. We want our church to enable private prayer and our buildings to be used widely by the community. St Peter's Church is usually open for prayer each weekday morning. The God-focussed purpose of the church is clear to all users, through the well-lit chancel which points to the Word of God in Jesus.

Repairs to the church walls were completed just after Easter 2021, and the regular involvement of Martin Ward with the architect and contractors guaranteed the quality of the work. The cost of the project was raised thanks to the generosity of church members, the local community and a number of grants. Less than half of the reserves held in Church Funds were needed. The church is not VAT registered but we were able to reclaim VAT charged from the Government “Listed Places of Worship Scheme”.

St Peter's Centre

After lockdowns were eased, the wider community were able to start using St Peter’s Centre again, thus fulfilling an important social and outreach need as well as generating income for the parish. Among the many users of the Centre were St John’s Ambulance, Dance Classes, Guides, Scouts, Brownies, Cubs and Beavers together with Age UK and the NHS. We have not been able to restart our lunch clubs, but a monthly “Tuesday Teas” social group has started to address the social separations which have affected many in the community. Thanks are due to premises officer, Mr Phil Martin, who has taken on additional responsibilities and much extra cleaning during this time.

1 Leicester Road

The former rectory is leased to a company who rent rooms individually, ensuring a regular income to St Peter’s. The income contributed to the work on the church walls.

Mission and Evangelism

The Parish of Oadby continues to be challenged by demographic change in Oadby and changes in society towards churchgoing.

Important links with our Mission Partners have been sustained. The parish supported in prayer, our Mission Partners with CMS, Steve & Catriona Bennett until they completed their tour of duty in Rwanda. The PCC again gave £6,000 in donations, supporting a variety of charitable projects, locally and overseas.

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Oadby Parochial Church Council Year Ending 31 December 2021 Annual Report

Safeguarding

Safeguarding continues to be of paramount importance. Juliet Bewley is the Parish’s Safeguarding Officer.

Reserves Policy

It is the PCC’s policy to maintain adequate cash reserves within the general and designated funds each year to cover operational costs for on-going gross salaries and essential running costs as well as allowing for necessary repairs and replacement of equipment used by the church. The reserves in the General Fund have been maintained in accordance with the Archdeacon’s recommendations for a robust Reserves Policy.

Workplace Pensions

The PCC pays its employees a minimum of the National Living Wage and provides a noncontributory workplace pension to members of the lay staff so entitled through a scheme run by National Employment Savings Trust (NEST) and set up by the Government

The Future

The Coronavirus pandemic limited the parish income for 2021. However, most members of stewardship continued to give directly and so our losses were much less than less fortunate parishes. We have also started to use online and card payment systems to secure much of our income. St Peter's Centre reopened for pre-booked regular events. Martin Ward and Phil Martin have worked assiduously to build up new regular bookings, including NHS clinics. It is the opinion of the PCC that St Peter’s has sufficient robust reserves and commitment to remain a going concern for at least the next 12 months.

Financial Report 2021

It is my pleasure as Treasurer of the Parish to present the Financial Review for 2021.

DIGSacthe Martin Ward signed on 02/04/2022, 14:49:25 BST signed on 02/04/2022, 14:27:12 BST

Don Smith Martin Ward Churchwarden Churchwarden

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Oadby Parochial Church Council

Year Ending 31 December 2021 Annual Report

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE OADBY PAROCHIAL CHURCH COUNCIL

| report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 8 to 16.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

| report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Robert Radford

signed on 11/04/2022, 07:45:34 BST R J Radford FCA The Rowleys Partnership Ltd Chartered Accountants and Statutory Auditors Charnwood House Harcourt Way Meridian Business Park Leicester LE19 1WP

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Oadby Parochial Church Council Year Ending 31 December 2021 Annual Report

STATEMENT OF FINANCIAL ACTIVITY

General Designated Restricted Endowment Total Funds
Note fund funds funds funds 2021 2020
£ £ £ £ £ £
Income:
Donations and legacies 2a 90.049 4,100 32,012 126,161 156,765
Other voluntary 2b 4,208 4,208
Income from charitable activities:
Lettings, rentals and fees 2c 28,676 7,085 35,761 19,652
Other charitable inccome 2d 87 87 3,807
Investment income 2e 141 141 675
Grant income 2f 5,131 5,131 19,849
Totalincome 128292 NBS 382002 NT ABI _200,748.
Expenditure
Expenditure on charitable activities:
Activities of the church 4a 54,502 2,898 49,701 107,101 156,583
Fund raising 4b 1,493 1,493 402
Support costs 4c 33,761 33,761 51,487
Parish donations 4d 3,303 3,303 6,016
Total expenditure 93.059 2,898 49,701 145,658 214,488
Netmovement in funds 35,233 8,287 (17,689) 25,831 (13,740)
Balances at 1 January 599 711,029 137,265 2,199 851,092 864,832
Gains/(Losses) on revaluation offixed assets
Transfers (4,946) 4,946
Balancesat31December 30,886 719,316 124,522 2,199 876,923 851,092

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Oadby Parochial Church Council

Year Ending 31 December 2021 Financial Statements

BALANCE SHEET

Notes 2021 2021 2020 2020
£ £ £ £
Fixed assets
Tangible fixed assets 9 651,991 650,000
Current assets
Debtors 11 12,525 3,922
Cash at bank and inhand 219,932 204,767
232,457 208,689
Liabilities: amounts falling 12 7,525 7,597
due within one year
7,525 7,597
Net current assets 224,932 201,092
Net assets 876,923 851,092
Represented by
General reserve 13 30,886 599
Designated funds 13 719,316 711,029
Restricted funds 13 124,522 137,265
Endowment funds 13 2,199 2,199
876,923 851,092

Approved at the Parochial Church Council Meeting 007/03/20.22............... and signed on its behalf:

aa signed on. 30/03/2022, 16:11:47 BST Curate

Martin Ward

signed on 02/04/2022, 14:27:12 BST Martin Ward Church Warden

DGS signed on 02/04/2022, 14:49:25 BST Don Smith Church Warden

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Oadby Parochial Church Council Year Ending 31 December 2021 Financial Statements

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follow:

1(a) Basis of Preparation

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||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The|financial|statements|have|been|prepared|in|accordance|with|the|Church|Accounting|Regulations|2006,|together|with|the|accounting| |standard|FRS|102|and|the|Charities|SORP|issued|in|October|2019.| |The|charity|constitutes|a|public|benefit|entity|as|defined|by FRS|102.|The|financial|statements|have|been|prepared|in|accordance|with| |Accounting|and|Reporting|by|Charities:|Statement|of Recommended|Practice|applicable|to|charities|preparing|their|accounts|in| |accordance|with|the|Financial|Reporting|Standard|applicable|in|the UK|and|Republic|of Ireland|(FRS|102)|issued|on|16|July|2014,|the| |Financial|Reporting|Standard|applicable|in|the|United|Kingdom|and|Republic|of Ireland|(FRS|102),|the|Charities|Act|2011|and UK| |Generally|Accepted|Practice.|

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||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The|financial|statements|have|been|prepared|as|a|going|concern|under|the|historical|cost|convention|except|for|the|valuation|of| |investment|assets|where|appropriate|which|are|shown|at market|value.| |1(b)|Funds| |General|funds|represent|the|funds|of the PCC|that|are|not|subject|to|any|restriction|regarding|their|use|and|are|available|for|application|on| |the|general|purposes|of|the|PCC.|Funds|designated|for|a|particular|purpose|by|the PCC|are|also|unrestricted.| |The|accounts|include|all|transactions,|assets|and|liabilities|for|which|the PCC|is|responsible|in|law.|They|do|not|include|the|accounts|of| |church|groups|that|owe|their main|affiliation|to|another|body|nor|those|that|are|informal|gatherings|of church members.| |Restricted|funds|relate|to|specific|monies|given|for|certain|activities.| |On|transition|to|FRS|(102)|the|charity|took|advantage|of an|option|to|revalue|building|improvements|to|their|fair|value,|creating|a| |revaluation|reserve,|this|reserve|is|being|released|into|the|Statement|of Financial|Activity|to|offset|any|subsequent|depreciation|charged|on| |this|amount|which|is|subsequently|being|carried|forward|at|cost|less|depreciation.| |1(c)|Incoming|Resources| |Voluntary|income|and capital sources.| |Collections|are|recognised|when|received|by|or on behalf of|the PCC.|Planned|giving|under|Gift Aid|and payments|under|covenant|are| |recognised|only|when|received.|Income|tax|on|covenants|or|gift|aid|donations|is|recognised|when|the|income|is|recognised.| |Other|ordinary|income| |Rental|income|from|the|letting|of church|premises|is|recognised|when|the|rental|is|due.| |Income|from|investments| |Dividends|and|interest|are|accounted|for|as|they|accrue.|Tax|on|such|income|is|recognised|in|the|same|accounting|year.| |Gains|and|losses|on|investments| |Realised|gains|or|losses|are|recognised|when|investments|are|sold.|Unrealised|gains|or|losses|are|accounted|for|on|revaluation|of| |investments|at|31|December|in|each|year.| |Government|grants| |Government|grants|receivable|in|relation|to job|retention|scheme|and|retail|scheme|are|recognised|as|income|over|the|periods|necessary to| |match|them|with|the|related|costs|which|they|are|intended|to|compensate,|on|a|systematic|basis.|Government|grants|are|shown|separately| |as|other|income.|

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1(d) Resources used

Grants Grants and donations are accounted for when paid over, or when awarded if that award creates a binding obligation on the PCC. Activities directly relating to the work of the church The Parish share is accounted for when payable. Any Parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability, and is shown as a creditor on the balance sheet.

1(e) Fixed assets

Consecrated land and buildings and movable church furnishings.

Their value is excluded from the accounts by virtue of the Charities Act 2011. Any expenditure, whether maintenance or improvement, is written offto revenue in the year it arises.

Freehold Property Church Halls

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||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |On|transition|to FRS|(102)|the|charity|took|advantage|of|the|option|to|change|their|accounting|policy|in|relation|to|the|‘Church|Halls’.| |This|is|now|being|held|at|fair|value|with|revaluation|movements|held|in|the|reserves|of the|charity.| |Freehold Investment Property| |Freehold|Investment|Property|is|being|held|at|fair|value.| |Equipment| |Equipment|is|depreciated|evenly|at 25%|per|annum,|or moreif|the|life|of the|asset|is|held|to|be|less|than|four|years.|

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1(f) Pension Costs

The parish contributes to pension schemes in respect of relevant employees. The PCC is not a trustee of any scheme. All contributions are charged in the year in which they are incurred.

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Oadby Parochial Church Council Year Ending 31 December 2021 Financial Statements

1 Accounting Policies (Continued)

1(g) Representation

Quantities are entered in the analysis in pounds and pence, and arithmetic is exact. All figures give the exact amounts correctly rounded to the nearest pound.

1(h) Governance and Support costs

Administrative costs have been separated between governance and support in order to comply with the Charities Commission Statement of Recommended Practice. Governance refers to expenditure not directly furthering the purpose for which the parish enjoys charitable status. Support costs are those that relate directly to the objectives and work of the church.

In this statement, the Independent Examiners fees, expenses in handling wage and salary payments, and bank charges have been collected under governance in §4(c).

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Oadby Parochial Church Council Year Ending 31 December 2021 Financial Statements 2 General funds - incoming resources

2021 2020
£ £
2(a) Incoming resources from donors
Stewardship 71,263 64,573
Income tax recovered 11,257 13,501
Collections 2,981 3,246
Donations t 4,548 10
90,049 81,330
2(b) Other voluntary incoming resources
Events 1,103 -
Christmas fair 3,105 -
4,208 -
2(c) Income from ancillarytrading
Magazine 89 1,473
Centre/Hall lettings 20,728 13,604
Fees 7,859 4,575
28,676 19,652
2(d) Ordinary incoming resources
Centre catering - 2,857
Other 87 950
87 3,807
2(e) Income from investments
Dividends and interest 141 675
141 675
2(f) Grantincome
CJRS grant income 5,131 15,636
5,131 15,636
Total incoming resources- General fund 128,292 121,100
3 Total incoming resources
2021 2020
£ £
Incoming resources- General fund as above 128,292 121,100
Donations and legacies- Designated funds
Donations 4,100 3,917
Rent 7,085 -
11,185 3,917
Donations and legacies- Restricted funds
Donations 32,012 71,518
Grant - 4,213
32,012 75,731
171,489 200,748

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Oadby Parochial Church Council Year Ending 31 December 2021 Financial Statements

4 General funds - resources used 2021 2020
£ £
4(a) Activities relating directly to the work
ofthe church
Parish share 30,000 30,000
Clergy expenses 488 27
Church insurance 598 594
Church utilities 8,597 6,700
Church repairs and maintenance 2,540 695
Mission 52 330
Centre insurance 5,976 6,516
Centre utilities 21 148
Centre repairs and maintenance 3,384 4,195
Centre services 2,247 3,136
Centre catering - 258
Presentations - 364
Church expenses 599 281
54,502 53,279
4(b) Fund raising and publicity
Events 1,029 402
Christmas fair 464 -
1,493 402
4(c) Support costs
Salaries and honoraria 24,405 41,951
Depreciation - equipment 459 -
Governance costs- see § 6 8,897 9,536
33,761 51,487
4(d) Donations and other outgoings
Annual parish donations 3,303 6,016
Other
3,303 6,016
Totalresourcesused 93,059 111,184

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Oadby Parochial Church Council Year Ending 31 December 2021 Financial Statements

5 Governance costs 2021 2021 2020 2020
£ £
Administration 4,652 4,938
Independent Examiners' fees 1,440 1,200
Professional fees 2,805 3,398
8,897 9,536
6 Endowment funds
Launden CR Coleman Total
Bequest Trust
£ £ £
Balance at 1 January 2021 and 31 December 2021 500 1,699 2,199
7 Designated funds
Sunday St Peter's Centre Friends of Old Rectory
School Fund Development StPeter's Management
£ £ £ £
Balance at 1 January 2021 8,965 5,984 1,302 10,932
Donations 4,100
Rent 7,085
Expenditure (432) (2,466)
Balance at 31 December 2021 12,633 5,984 1,302 15,551
St Peter's St Peter's Centre St Peter's
Music Capital Discretionary
£ £ £
Balance at 1 January 2021 31,711 250,000 1,032
Donations
Rent
Expenditure
Balance at 31 December 2021 31,711 250,000 1,032
St Peter's St Peter's
Capital Choir Total
£ £ £
Balance at 1 January 2021 400,000 1,103 711,029
Donations 4,100
Rent 7,085
Expenditure (2,898)
Balanceat31December2021 400,000 1,103 719,316

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Oadby Parochial Church Council Year Ending 31 December 2021 Financial Statements

8 Restricted funds

St Peter's St Peter's St Peter's Centre Centre Centre St Peter's Youth Club
Maintenance Maintenance OrganFund Fund Peters
£ £ £ £
Balance at 1 January 2021 88,941 5,655 4,281 32
Donations
Expenditure
Transfers
Balance at 31 December 2021 88,941 5,655 4,281 32
St Peter's Youth Worker Church Roofand Total
Bell Fund Fund Walls Fund
£ £ £
Balance at 1 January 2021 254 24,676 13,426 137,265
Donations 683 31,329 32,012
Expenditure (49,701) (49,701)
Transfers 4,946 4,946
Balance at 31 December 2021 254 25,359 - 124,522
Transfer made into the restricted funds from the general funds ofthe the charity was done so to meet the additional costs borne on the restricted
project.
assets assets
Freehold land and Church hall Equipment Total
buildings building
improvement
Gross bookvalue £ £ £ £
At 1 January, 2021 400,000 250,000 43,437 693,437
Additions 2,450 2,450
Disposals
Transfer -
Revaluation
At 31 December, 2021 400,000 250,000 45,887 695,887
Depreciation
At 1 January, 2021 43,437 43,437
Disposals
Charge for the year 459 459
Transfer
At 31 December, 2021 43,896 43,896
Net book value
At 31 December, 2021 400,000 250,000 1,991 651,991
At31December,2020 333,000 250,000 650,000

Transfer made into the restricted funds from the general funds of the charity was done so to meet the additional costs borne on the restricted project.

9 Fixed assets

The above properties were revalued on 30 May 2019 by Knightsbridge Estate Agents and Valuers Ltd

The Trustees consider that the valuation of freehold land and buildings is not materially different from the figures given above, and is therefore stated at its fair value.

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Oadby Parochial Church Council Year Ending 31 December 2021 Financial Statements

10 Staff costs

2021 2020
£ £
Wages and salaries 24,405 40,943
Social security costs - 1,008
24,405 41,951

Included in the above are pension contributions on behalf of an employee totalling £1,902 (2020 - £2,355) Average number of employees: Part time 2 (2020: Part time 4)

No employee during the year received remuneration in excess of £60,000 (2020 - £Nil)

11 Debtors

11 Debtors
2021 2020
£ £
Prepayments and accrued interest 1,635 2,650
Other debtors 10,890 1,272
12,525 3,922
12 Liabilities: amounts falling due within one year
2021 2020
£ £
Accruals and deferred income 1,440 1,200
Donations 5,700 6,012
Other creditors and provisions 385 385
7,525 7,597
13 Analysis ofnet assets by fund
Designated Restricted Endowment Total
General Funds funds §7 funds §8 funds §6
£ £ £ £ £
Fixed assets §9
Tangible assets 651,991 651,991
Investments
Current assets
Bank 25,886 67,325 124,522 2,199 219,932
Debtors
$11		 12,525 12,525
Liabilities §12 (7,525) (7,525)
Loans
Fund balance at 31 December 2021 30,886 719,316 124,522 2,199 876,923
Balanceat31December2020 599 711,029 137,265 2,199 851,092

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